Envestnet Portfolio Solutions Inc. Cuts Stake in UDR, Inc. (NYSE:UDR)

Envestnet Portfolio Solutions Inc. lowered its holdings in shares of UDR, Inc. (NYSE:UDR) by 4.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 6,625 shares of the real estate investment trust’s stock after selling 332 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in UDR were worth $288,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the business. Brooklyn Investment Group purchased a new position in shares of UDR in the third quarter worth about $33,000. Continuum Advisory LLC grew its position in UDR by 5,335.3% during the 3rd quarter. Continuum Advisory LLC now owns 924 shares of the real estate investment trust’s stock worth $41,000 after acquiring an additional 907 shares during the last quarter. Smartleaf Asset Management LLC increased its stake in UDR by 68.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,206 shares of the real estate investment trust’s stock worth $52,000 after purchasing an additional 491 shares during the period. Salem Investment Counselors Inc. lifted its position in UDR by 62.7% in the fourth quarter. Salem Investment Counselors Inc. now owns 1,349 shares of the real estate investment trust’s stock valued at $59,000 after purchasing an additional 520 shares during the last quarter. Finally, Catalyst Capital Advisors LLC bought a new stake in UDR in the fourth quarter valued at approximately $63,000. Hedge funds and other institutional investors own 97.84% of the company’s stock.

Insider Activity at UDR

In other news, CEO Thomas W. Toomey sold 25,000 shares of the business’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $42.75, for a total value of $1,068,750.00. Following the completion of the transaction, the chief executive officer now owns 824,716 shares in the company, valued at $35,256,609. The trade was a 2.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.73% of the stock is currently owned by insiders.

Analyst Ratings Changes

UDR has been the subject of a number of recent analyst reports. Jefferies Financial Group lowered shares of UDR from a “buy” rating to a “hold” rating and lowered their price target for the company from $50.00 to $45.00 in a report on Thursday, January 2nd. Royal Bank of Canada increased their target price on shares of UDR from $43.00 to $44.00 and gave the stock a “sector perform” rating in a report on Friday, February 7th. Zelman & Associates restated a “neutral” rating on shares of UDR in a report on Thursday, February 13th. Evercore ISI increased their price objective on UDR from $43.00 to $45.00 and gave the stock an “in-line” rating in a report on Monday, February 10th. Finally, Wells Fargo & Company decreased their target price on UDR from $48.00 to $45.00 and set an “overweight” rating for the company in a report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $46.12.

UDR Stock Down 0.3 %

Shares of NYSE:UDR opened at $44.24 on Friday. The company has a current ratio of 5.61, a quick ratio of 5.91 and a debt-to-equity ratio of 1.71. The stock has a fifty day simple moving average of $43.00 and a two-hundred day simple moving average of $43.77. UDR, Inc. has a 12-month low of $35.14 and a 12-month high of $47.55. The stock has a market capitalization of $14.65 billion, a price-to-earnings ratio of 176.94, a PEG ratio of 8.67 and a beta of 0.88.

UDR (NYSE:UDR) last posted its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.53. UDR had a return on equity of 2.65% and a net margin of 5.36%. On average, research analysts anticipate that UDR, Inc. will post 2.51 earnings per share for the current fiscal year.

UDR Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 10th will be issued a $0.43 dividend. This is a positive change from UDR’s previous quarterly dividend of $0.43. This represents a $1.72 dividend on an annualized basis and a yield of 3.89%. The ex-dividend date is Thursday, April 10th. UDR’s payout ratio is presently 688.00%.

UDR Company Profile

UDR, Inc (NYSE: UDR), an S&P 500 company, is a leading multifamily real estate investment trust with a demonstrated performance history of delivering superior and dependable returns by successfully managing, buying, selling, developing and redeveloping attractive real estate communities in targeted U.S.